Friday, August 1, 2014

TIVO, DISH SETTLE LAWSUITS

May 2, 2011 by · Leave a Comment 

Acknowledging that TiVo’s legal strategy of enforcing its DVR patents was “formidable,” satellite TV provider DISH said today (Monday) that it had reached a settlement with DISH over all remaining litigation. As part of the settlement, DISH and corporate sibling Echostar Communications will pay TiVo $500 million — $300 million now, the remainder in six annual installments beginning next year — and work together on DISH’s forthcoming Blockbuster digital video service. Although TiVo’s brand is arguably better known than that of any other DVR maker, the company has struggled virtually throughout its existence, encumbered most of all by high legal costs connected with its lawsuits against cable providers who offer similar DVR technology virtually free to their subscribers. In a statement, TiVo CEO Tom Rogers said, “The compensation from this settlement, including the resulting reduction in legal expenditures, puts TiVo in an enviable financial and strategic position.”